Tragedy of the commons - Wikipedia
The tragedy of the commons is a concept which states that if many people enjoy unfettered access to a finite, valuable resource, such as a pasture, they will tend to overuse it and may end up destroying its value altogether.
What Is the Tragedy of the Commons in Economics? - Investopedia
2023年9月25日 · The tragedy of the commons is an economic theory claiming that individuals tend to exploit shared resources so that demand outweighs supply, and it becomes unavailable for the whole.
Tragedy of the Commons: Examples & Solutions | HBS Online
2019年2月6日 · What Is the Tragedy of the Commons? The tragedy of the commons refers to a situation in which individuals with access to a public resource—also called a common—act in their own interest and, in doing so, ultimately deplete the resource. This economic theory was conceptualized in 1833 by British writer William Forster Lloyd.
Explainer: What Is the Tragedy of the Commons? | Earth.Org
2021年9月5日 · First posited in 1968 by American ecologist Garret Hardin, the Tragedy of the Commons describes a situation where shared environmental resources are overused and exploited, and eventually depleted, posing risks to everyone involved.
tragedy of the commons - Encyclopedia Britannica
2024年11月21日 · Tragedy of the commons, concept highlighting the conflict between individual and collective rationality. The idea of the tragedy of the commons was made popular by the American ecologist Garrett Hardin, who used the analogy of …
26 Tragedy of the Commons Examples - Helpful Professor
2023年10月26日 · Garret Hardin founded the term “Tragedy of the commons” in 1968, describing how individuals make decisions based on personal needs rather than the interests of the group. This leads to rapid resource depletion, to the long-term detriment of all.
Tragedy of the Commons - Econlib
An unmanaged commons in a world of limited material wealth and unlimited desires inevitably ends in ruin. Inevitability justifies the epithet “tragedy,” which I introduced in 1968. Whenever a distribution system malfunctions, we should be on the lookout for some sort of commons.